Stocks rebounded on Wednesday, with the Dow Jones Industrial Average rising by over 230 points, as the broader market moved to recover some losses from a series of negative trading sessions at the start of September.

Here's how the market settled on Wednesday:

S&P 500 Index (SPY  ): +0.85% or +37.68 points to 4,480.73

Dow Jones Industrial Average (DIA  ): +0.68% or +236.82 points to 34,814.39

Nasdaq Composite Index (QQQ  ): +0.82% or +123.77 points to 15,161.53

Amazon to host beauty products event in October:

Amazon (AMZN  ) is planning to host a beauty products event in October ahead of the holiday shopping season, according to a slide deck viewed by CNBC.

The e-commerce's slide deck was sent to beauty brand and consulting firms, CNBC reports, with the event planned for Oct. 4-25. Amazon spokesperson Catie Kroon confirmed the document's authenticity to CNBC and told the news outlet that the event will be called "Holiday Beauty Haul," and will feature a number of product types.

"We want to draw customers back to Amazon during Black Friday week but also long term with additional marketing levers," Amazon wrote in the slide deck, quoted by CNBC. "This is an unique opportunity for selected brands to reach both more shoppers and new customers."

U.S. crude oil futures soared on inventory levels drop:

U.S. crude oil futures benchmark West Texas Intermediate (USO  ) settled 3% higher to reach $72.61 per barrel on Wednesday, representing the commodity's highest settlement level since the end of July.

Oil soared higher on Wednesday following the U.S. Energy Information Administration's report published Wednesday that showed crude oil inventories dropped by 6.4 million barrels last week, marking the lowest level since mid-2019.

International crude oil benchmark Brent crude (BNO  ) also rose higher, settling at about $75 per barrel.

U.S. manufacturing production slowed more than expected last month:

U.S. manufacturing production decelerated sharply in August after July's strong monthly gains as disruptions from Hurricane Ida and ongoing material and labor shortages pressured factories as the COVID pandemic continues.

Manufacturing output increased 0.2% last month, the Federal Reserve said in its latest release on Wednesday. Data for July was revised to show production rising by 1.6% instead of 1.4% from the prior print.

Economists polled by Reuters had expected manufacturing production to gain by 0.4% in August.

Here's how benchmarks started trading soon after market open:

S&P 500 Index: +0.15% or +6.84 points to 4,449.89

Dow Jones Industrial Average: -0.01% or -4.97 points to 34,572.60

Nasdaq Composite Index: +0.24% or +38.81 points to 15,073.73